Indonesian Political, Business & Finance News

Archive: 6 July 2015

3 articles found

Indonesia’s Bizzy hopes to win where Rocket Internet failed, nabs $2.5M funding

Rocket Internet launched OfficeFab in Indonesia back in late 2012 with the idea that the business supplies ecommerce site would service all of Southeast Asia. Despite some early traction, investor interest tapered off and the service eventually ceased in June 2013.

Sarong makers struggling with low Ramadhan demand

Having struggled with weak sales over the past several months, sarong makers in Majalaya district, Bandung regency, West Java, are selling their products below normal price during the Islamic fasting month of Ramadhan to keep up with production costs and avoid total shutdown.

Indonesia to impose coal export tax next month: Govt official

JAKARTA - Indonesia will impose a 1.5 per cent tax on coal exports from next month, government officials said on Monday, in a bid to boost state revenue and keep more of the power station fuel at home. The world's top thermal coal exporter will introduce the tax on Aug.